De La Rue threatens to quit Kenya
05 April 2012, 08:52
British firm De La Rue has threatened to
stop local currency printing operations if negotiations for a joint
venture with the Government fail. It has also threatened to pull out of
The firm said there are
other countries willing to sign long-term investment deals with it.
"This cannot go on forever and decisions have to be made," Robert
Hutchison, the Group director at De La Rue, said in Nairobi on
Wednesday. He was referring to stalled joint venture talk days after the
firm faced criticism over its local operations.
denied being privy to negotiations that began in 2007, adding the firm
agreed to remain in Kenya after cancellation of its ten year contract in
the "interest of long term" relations.
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